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Pricey Terrorism Coverage Might Put Heat On Insurers

After an intense political battle to pass the Terrorism Risk Insurance Act late last year, providing federal reinsurance for primary carriers, most buyers have been anything but bullish in buying the coverage, a survey by the Council of Insurance Agents and Brokers has revealed.

TRIA mandated that insurers offer terrorism coverage to their commercial policyholders, but buyers have been timid about signing on, the survey showed.

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